About this pair
JPY/COP: what to know
The JPY/COP rate shows how much COP you get for 1 JPY. Right now, 1 JPY buys 20.0865 COP at the mid-market rate. In the other direction, 1 COP is worth 0.0498 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while COP responds to oil and commodity prices.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.